Immunovant (IMVT) CLO sells 5,165 shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Immunovant, Inc. Chief Legal Officer Christopher Van Tuyl reported an open-market sale of 5,165 shares of common stock on April 8, 2026 at a weighted average price of $24.83 per share. According to the disclosure, this sale was required to cover tax withholding obligations tied to the vesting and settlement of previously granted restricted stock units and was not a discretionary trade. Following the transaction, Van Tuyl directly holds 183,231 shares of Immunovant common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,165 shares ($128,247)
Net Sell
1 txn
Insider
Van Tuyl Christopher
Role
Chief Legal Officer
Sold
5,165 shs ($128K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,165 | $24.83 | $128K |
Holdings After Transaction:
Common Stock — 183,231 shares (Direct)
Footnotes (1)
- On April 1, 2025, the holder was granted 50,787 restricted stock units ("RSUs"), as previously reported on a Form 4 filed on April 3, 2025, of which 12,696 of these RSUs vested on April 1, 2026. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of these RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.54 - $25.39 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
Key Figures
Shares sold: 5,165 shares
Average sale price: $24.83 per share
Post-transaction holdings: 183,231 shares
+3 more
6 metrics
Shares sold
5,165 shares
Open-market sale on April 8, 2026
Average sale price
$24.83 per share
Weighted average price for 5,165 shares
Post-transaction holdings
183,231 shares
Common stock held directly after sale
RSUs granted
50,787 RSUs
Grant on April 1, 2025
RSUs vested
12,696 RSUs
Vested on April 1, 2026
Sale price range
$24.54–$25.39 per share
Multiple transactions within this range
Key Terms
restricted stock units, sell to cover, tax withholding obligations, weighted average price
4 terms
restricted stock units financial
"the holder was granted 50,787 restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell to cover financial
"require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting"
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What did Immunovant (IMVT) disclose about Christopher Van Tuyl’s latest stock sale?
Immunovant reported that Chief Legal Officer Christopher Van Tuyl sold 5,165 common shares at a weighted average price of $24.83 on April 8, 2026. The filing states this sale was solely to cover tax withholding obligations on vested restricted stock units.
What RSU grant and vesting events are linked to this Immunovant Form 4?
The filing notes that Van Tuyl was granted 50,787 restricted stock units on April 1, 2025. Of these, 12,696 RSUs vested on April 1, 2026. The April 8, 2026 share sale relates directly to tax withholding from this RSU vesting and settlement.